Our Members News

Bernard Botejue Industries exports Sri Lanka’s first weighted blanket shipment

Bernard Botejue Industries makes history once again for manufacturing and exporting the first shipment of weighted blankets from Sri Lanka to the USA and Canada for the popular brand Bearaby. The Napper Unit of Kolonna Manufacturing (Pvt.) Ltd, an associate company of Bernard Botejue Industries, was set up in May 2022 to undertake the manufacturing of the hand-knitted weighted blankets.

Combank.lk named top ‘Banking and Finance’ website in Sri Lanka

The corporate website of the Commercial Bank of Ceylon has been recognised as the top “Banking and Finance” website in the country at BestWeb.lk 2022 competition hosted by the LK Domain Registry.

SLASSCOM, LAN sign MoU to secure funds for tech entrepreneurs and start-ups

SLASSCOM and the Lankan Angel Network have signed a Memorandum of Understanding (MoU) to collaborate in assisting start-ups and entrepreneurs in Sri Lanka’s tech sector to secure funding.

ComBank ranked ‘Market Leader’ in SL by Euromoney

The Commercial Bank of Ceylon has been ranked as ‘Market Leader’ in Sri Lanka in Corporate Social Responsibility (CSR) and SME Banking under the Euromoney Market Leaders 2022 Accreditation Programme launched by the prestigious publication this year. Euromoney also accorded Commercial Bank a ‘Highly Regarded’ accreditation for its offerings in ‘Investment Banking’ and ‘Digital Solutions.’

Deutsche Bank donates Rs. 16.5 m to provide relief to Sri Lankan citizens

In response to Sri Lanka’s economic and humanitarian crisis, Deutsche Bank has donated 40,000 euros (approximately Rs. 14.6 million) to provide medicines, storage equipment and 1,000 packets of food to the most vulnerable citizens of the country.

European importers and retailers offer to buy organic food products from Sri Lanka

The ‘Organic Food Production and Exports by SMEs in Sri Lanka’ conference was held on 23 August 2022, organized as part of the ‘Support to Small and Medium Enterprises in the Organic Agriculture Sector Programme’; the Multi-Donor Action (MDA) jointly co-financed by the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development (BMZ), implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.

Lanka Hospitals 1H-2022 PAT grows by 140% to Rs. 27 bn

The Lanka Hospitals Corporation PLC in a market announcement posted a PAT of Rs. 2.7 billion for the six months that ended on 30 th June 2022, further consolidating its strong balance sheet. During this period, Lanka Hospitals also recorded a gross turnover of Rs. 5.25 billion amidst tight market conditions and recorded an operating profit of Rs. 801 million.

HNB joins SLT-MOBITEL in enhancing e-commerce capabilities for SMEs with Cochchi.lk

Connecting local SMEs to new e-commerce markets and buyers, Sri Lanka’s most digitally innovative bank, HNB PLC, partnered with SLT-MOBITEL to offer SMEs free access to the new online trading platform Cochchi.lk.

ComBank announces revised deposit values for popular ‘Millionaire’ Investment Plan

A committed fixed monthly deposit of just Rs. 4,280 can begin the journey to millionaire status following an upward revision of the interest rate applicable to the popular aspiration-linked ‘Millionaire’ Investment Plan of the Commercial Bank of Ceylon to 15% per annum.

99x among LMD’s top 100 Most Respected Entities of 2022

99x, a leading Sri Lankan technology company, has been ranked amongst the top 100 Sri Lankan corporates by LMD (Lanka Monthly Digest) Magazine in its 18th Most Respected Entities in Sri Lanka edition. In addition to being honored as one of the most respected entities, 99x has been also ranked as a top Sri Lankan business entity in Vision, Dynamism, Corporate Culture, Innovation, Management Profile and HR/People Management lists.

DIMO together with Kalmar uplifts Sri Lanka’s port and inland container terminal operations

DIMO, a leading diversified conglomerate in Sri Lanka, and Kalmar, a global industry forerunner in port and inland container terminal automation and in energy-efficient container handling solutions, are geared to enhance and uplift local container terminal operations to the next level.

ComBank revolutionises Sri Lankan banking with ‘wearable banking’ via Flash Digital Account

The Commercial Bank of Ceylon has scaled new heights in digital innovation, becoming the first bank in Sri Lanka to take banking to the realm of wearable technology. The bank’s and the country’s first “wearable banking” product was achieved with the integration of access to, and select features of, the bank’s ‘Flash’ Digital Account with Apple Watch in collaboration with Digital Payment Services Ltd.

DFCC Bank partners SLASSCOM, provides financing solutions for sustainable power generation

DFCC Bank has entered into a partnership with SLASSCOM, the apex body representing the IT/BPM industry in Sri Lanka, a sector that is one of the top foreign exchange earners for the country.

HNB recognised for ‘Best all-round growth’ at Daraz Payment Partner Performance Awards

Cementing its reputation as Sri Lanka’s most versatile payment partner, HNB PLC was recognised by Daraz, South Asia’s largest e-commerce platform, for its commitment to enhancing digital payment solutions. The Bank was awarded for the card base with the ‘best all-round growth’ at the annual Daraz Payment Partner Performance Awards 2022 held recently.

DIMO honoured with ISO 45001:2018 certification

DIMO, a leading diversified conglomerate in Sri Lanka, was recently honoured with the coveted ISO 45001:2018 certification by Det Norske Veritas (DNV), the international accredited registrar and classification society. DNV is an independent expert in assurance and risk management and this certification further assures and recognises DIMO’s capability of providing a high standard in occupational health and safety.

SLASSCOM appoints new Chairman, Board to support its next era of growth and transformation

The Sri Lanka Association for Software Services Companies (SLASSCOM) recently appointed their new office-bearers for 2022/23, at the Annual General Meeting held recently. Ashique Ali was appointed as Chairman of SLASSCOM for the year 2022/2023.

Dankotuwa Group posts impressive 1Q

Dankotuwa Porcelain PLC, said yesterday it has posted remarkable results for the Q1 of the financial year 2022/2023. As a company, Dankotuwa Porcelain, recorded a revenue of Rs. 788.4 million for the Q1 of the financial year 2022/23, a 56% growth when compared to Rs. 504.4 million achieved during the corresponding period.

ComBank Group revenue grows 49.52% and 66.41% in 1H and Q2

The Commercial Bank Group has reported a six-month financial performance that mirrors the impacts of the country’s macro-economic variables, with solid operational gains negated by extraordinary provisioning in the second quarter for impairment charges and other losses.

Hayleys achieves record-breaking Rs. 20 b profit before tax in 1Q

The Hayleys Group yesterday reported strong growth in revenue and earnings in the first quarter of the financial year ending 31 March 2023. Consolidated Earnings for the quarter increased over four-fold to Rs. 20 billion, with strong performances in export, transportation and logistics businesses enabling greater resilience to macro-economic challenges that prevailed.

Nestlé Lanka recognized as ‘Most Respected Food and Beverage Entity’

Nestlé Lanka was ranked Sri Lanka’s ‘Most Respected Food and Beverage Entity’ in LMD’s ‘Most Respected Entities’, issue 2022 released recently. The company was among the Top 20 Most Respected Entities, out of over 100 renowned corporates across different industries.

Ferentino Tyres to expand footprint in Americas

Ferentino Tyre Corporation, an exclusive Lankan tyre brand, plans to ship around 45,000 tyres within the next three months to North America, a top official of the company said last week. Elaborating on its markets and plans for them Ferentino Tyre Corporation (Pvt) Ltd. Chief Operating Officer Ushantha Jayalal said the company has been shipping around 12 containers a month to the North American market since commencing commercial operations early last year.

LMD ranks ComBank the Most Respected Bank in Sri Lanka for 18th year

The bank was also ranked second overall for Financial Performance, Honesty, and Vision which are three of the 12 attributes covered by the survey commissioned by the magazine. Additionally, it was placed among the Top Five corporate entities in Sri Lanka in 2022 in seven of the attributes and was the highest-ranked bank for nine attributes including Financial Performance, Quality Consciousness, Management Profile, Honesty, Corporate Culture, CSR & Sustainability, Vision, HR & People Management, and Crisis Management.

Abans, EWIS combine to assemble Lanka’s first 4G Smartphone

For the first time, Abans PLC, partnered with EWIS Colombo Limited (ECL), to produce and market locally assembled smartphones. These would be 4G enabled and would be available in the market this year. In addition, this partnership will also assemble smart UHD TVs from 32 inch to 55 inch and also engage in the assembly and manufacture of laptops.

HNB amongst top 1,000 World Banks again

HNB PLC, was ranked among the Top 1,000 World Banks for the sixth consecutive year by the prestigious Banker Magazine. Based in the United Kingdom, The Banker Magazine is a premier global banking and finance resource, renowned for its global financial intelligence since 1926.

NDB Bank recognised at Daraz Payment Partner Performance Awards 2022

National Development Bank (NDB Bank) Cards was recently recognised by the online shopping marketplace, Daraz for their extensive contribution to the Daraz customer network through its extensive Card member base and for driving its online purchasing.

Singer SL continues efforts to drive local manufacturing of refrigerators, washing machines

Singer (Sri Lanka) is well-known as a household name for its wide array of consumer essentials, some of which are 100% locally manufactured using the best possible technology at Singer’s very own manufacturing facilities.

Rootcode wins Startup of the Year and People’s Choice Award at SAARC Startup Awards 2022

Rootcode, one of Sri Lanka’s leading tech companies, recently took home the “People’s Choice Award” in addition to being bestowed with the “Startup of the Year” title at the SAARC Startup Awards 2022.

Hayleys Solar powers Crystal Martin Ceylon’s over $ 1m solar installation project towards renewable energy transition

Hayleys Solar, the renewable energy arm of Hayleys Fentons recently partnered with Crystal Martin Ceylon Ltd., a leading apparel manufacturer, to embark on a major solar installation project that supports their renewable energy efforts.

ComBank launches Forex Plus foreign currency FD scheme

Commercial Bank of Ceylon has announced the launch of a special foreign currency fixed deposit (FD) scheme in a further response to the requirement to attract investments from foreign sources. The new scheme branded Forex Plus offers interest rates of up to 9.5 percent per annum for tenures of up to five years on term deposits in four international currency denominations.

HSBC Group CEO commends Sri Lanka staff amidst economic, political crisis

HSBC CEO Noel Quinn has commended Sri Lanka staff for supporting customers amidst the current economic and political crisis. The commendation by Quinn was contained in his review accompanying HSBC’s interim results for the first half of 2022. Quinn singled out colleagues in Sri Lanka, Hong Kong, mainland China and Poland and Eastern Europe.

Hayleys Fabric surpasses global giants to win new Sustainable Impact Award at International Quality Awards 2022 – UK

Hayleys Fabric set a global benchmark in sustainability, bagging the coveted Sustainability Impact Award at the recently concluded International Quality Awards (IQA) 2022 held in London.

NDB crowned “Best Bank in Sri Lanka” by top 3 awarding bodies

NDB Bank was recently named the Best Bank in Sri Lanka for 2022 by Euromoney, in addition to being named “The Best Bank in Sri Lanka” by Global Finance of USA for 2022 and 2021 consecutively. The bank also won “Bank of the Year 2020” by The Banker, UK thus achieving the rare feat of securing the endorsement of the top three awarders in the banking industry – the Triple Crown in banking, it said in a media release.

Aqua Dynamics among Lanka’s 50 Best Workplaces

Aqua Dynamics, one of the versatile action sports leaders in the leisure sector, was recently ranked among 50 Best Workplaces in Sri Lanka for 2022, a list compiled by the global authority and pioneer in evaluating workplace cultures, Great Place to Work Institute.

99x achieves Great Place to Work Legend status

Leading Sri Lankan technology company 99x was recently awarded the Great Place to Work (GPTW) Legend status by the Great Place to Work Institute, following its achievements for the 10th consecutive year.

DFCC Bank launches initiative to attract remittances

The Bank for Everyone, DFCC Bank, has recently launched a special marketing drive and scheme to attract Foreign Inward Remittances. Looking to support the nation at this challenging time, DFCC Bank is offering an additional

Hayleys Aventura introduces Eco-One to battle pollution

Hayleys Aventura has introduced Eco-One, an innovative product developed in the USA to help manufacturers mitigate pollution caused by the disposal of plastics, polythene and rubber – one of Sri Lanka’s most pressing environmental challenges.

HNB launches agri program in the Central Province

Private sector bank HNB PLC launched ‘HNB SaruGeWatte’, a campaign aimed at setting up new marketplaces for rural farmers in urban areas while promoting home gardening in urban areas across the Central Province.

ComBank wins coveted double at Asiamoney Banking awards

Commercial Bank of Ceylon has won two coveted international awards – Best Bank for Small and Medium Enterprise (SME) Banking and Best Bank for Environmental, Social and Governance (ESG), at the latest awards event of the respected Asiamoney magazine.

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